Director/PDMR Shareholding

NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMR                  

MIAMI (January 30, 2006) - On January 27, 2006, Carnival Corporation & plc
(NYSE/LSE: CCL; NYSE: CUK) was notified that on January 17, 2006, Ms. Lovie
Tan, spouse of Mr. David Dingle, Managing Director of Carnival UK & P&O
Cruises, sold three ordinary shares of US$1.66 each in Carnival plc held in her
name at a price of £33.50 per share, as part of Carnival plc's share dealing
programme offered to small shareholders. Following this transaction, Mr. Dingle
holds no Carnival plc ordinary shares directly or indirectly.

This notification relates to disclosures made in accordance with Disclosure
Rule 3.1.4(R)(1)(a) and Disclosure Rule 3.1.4(R)(1)(b), a disclosure made in
accordance with section 324 of the Companies Act 1985.

Further details and a copy of the Forms 4, Statement of Changes in Beneficial
Ownership of Securities, filed today by Mr. Dingle with the U.S. Securities &
Exchange Commission, can be found at the SEC web site, www.sec.gov, and the
Carnival Corporation & plc web site, www.carnivalcorp.com and 
www.carnivalplc.com.

MEDIA CONTACTS:

US

Carnival Corporation & plc

Tim Gallagher

305 599 2600, ext. 16000

UK

Brunswick Group

Sophie Fitton/Sarah Lindgreen

44 (0) 20 7404 5959

INVESTOR RELATIONS CONTACTS:

US/UK

Carnival Corporation & plc

Beth Roberts

305 406 4832